The Weekend Quiz – June 10-11, 2017

Welcome to The Weekend Quiz, which used to be known as the Saturday Quiz! The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results are only known to you and no records are retained.

1. Modern Monetary Theory (MMT) teaches us that one of the dangers of public spending is that it can crowd out private spending.

2. National accounting shows us that a government surplus equals a non-government deficit. But that doesn't mean that if fiscal austerity ends up generating a fiscal surpluses that households and firms will be running deficits.

3. Real wage cuts under austerity programs could increase the wage share.

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    One Response to The Weekend Quiz – June 10-11, 2017

    1. Jerry Brown says:

      Difficult quiz this week. I eagerly await the answers to see whether mine were correct for the right reasons, or just lucky. As always- Thanks for the quiz.

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